Connect - Schneider Electric
Connect - Schneider Electric
Connect - Schneider Electric
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1<br />
2<br />
3<br />
4<br />
Message from Jean-Pascal Tricoire 2<br />
Message from Henri Lachmann 4<br />
Interview with Emmanuel Babeau 5<br />
Leadership team 6<br />
Key figures 2011 8<br />
2011 in brief 11<br />
Description of the Group,<br />
and its strategy, markets<br />
and businesses 15<br />
1. Global specialist in energy management 16<br />
2. Leader in an industry of the future 21<br />
3. R&D Strategy 26<br />
4. Organisational simplicity and efficiency 31<br />
5. Risk factors 34<br />
Sustainable development 43<br />
1. Sustainable development at the heart of our strategy 44<br />
2. Green and responsible growth driving economic<br />
performance 52<br />
3. <strong>Schneider</strong> <strong>Electric</strong>’s Commitment<br />
to Environmental Performance 60<br />
4. Committed to and on behalf of employees 70<br />
5. <strong>Schneider</strong> <strong>Electric</strong>, a responsible corporate citizen 81<br />
6. Methodology and audit of indicators 90<br />
7. Indicators 98<br />
Corporate governance 107<br />
1. Supervisory Board** 108<br />
2. Organisational and operating procedures<br />
of the Supervisory Board** 116<br />
3. Supervisory Board meetings** 117<br />
4. Supervisory Board committees<br />
(members, operating procedures and meetings)** 119<br />
5. Management Board members 121<br />
6. Organisational and operating procedures<br />
of the Management Board 123<br />
7. Declarations concerning the situation of<br />
the members of the Supervisory Board<br />
and Management Board 123<br />
8. Management interests and compensation 124<br />
9. Regulated Agreements 132<br />
10. Internal control and risk management** 133<br />
11. Application of the AFEP/MEDEF<br />
corporate governance guidelines** 141<br />
Business review 143<br />
1. Trends in <strong>Schneider</strong> <strong>Electric</strong>’s core markets 144<br />
2. Review of the consolidated financial statements 146<br />
3. Review of the parent company financial statements 150<br />
4. Review of subsidiaries 150<br />
5. Outlook 150<br />
5<br />
6<br />
7<br />
8<br />
Consolidated financial statements 151<br />
1. Consolidated statement of income 152<br />
2. Consolidated statement of cash flows 154<br />
3. Consolidated balance sheet 156<br />
4. Consolidated statement of changes in equity 158<br />
5. Notes to the consolidated financial statements 159<br />
6. Statutory Auditors’ report on the consolidated<br />
financial statements 217<br />
Company financial statements 219<br />
1. Balance sheet 220<br />
2. Statement of income 222<br />
3. Notes to the financial statements 223<br />
4. Statutory Auditors’ report on the financial<br />
statements 234<br />
5. List of securities held at December 31, 2011 235<br />
6. Subsidiaries and affiliates 236<br />
7. The Company’s financial results<br />
over the last five years 238<br />
General presentation<br />
of <strong>Schneider</strong> <strong>Electric</strong> SA 239<br />
1. General information on the Company 240<br />
2. Shareholders’ rights and obligations 241<br />
3. Capital 243<br />
4. Ownership structure 247<br />
5. Employee profit-sharing, stock ownership 248<br />
6. Performance share grants and stock option plans 249<br />
7. Disclosure of information required in<br />
accordance with article L.225- 100-3<br />
of the French Commercial Code** 255<br />
8. Stock market data 255<br />
9. Investor relations 257<br />
Annual and Extraordinary<br />
Shareholders’ Meeting 259<br />
1. Management Board report 260<br />
2. Supervisory Board’s comments<br />
on the Management Board’s report,<br />
mode in accordance with article L . 225- 68<br />
of the French Commercial Code 264<br />
3. Auditors’ special reports 264<br />
4. Resolutions 268<br />
Persons responsible for the Registration Document 273